China may in­vest $10 bil in Aramco IPO

The Korea Times - - WORLD BUSINESS -

China’s state-owned en­ti­ties are in talks about in­vest­ing $5 bil­lion to $10 bil­lion in Saudi oil gi­ant Aramco’s planned ini­tial pub­lic of­fer­ing, Bloomberg re­ported on Wednes­day, cit­ing peo­ple fa­mil­iar with the mat­ter.

Bei­jing-based Silk Road Fund, state-owned oil pro­ducer Sinopec and sovereign wealth fund China In­vest­ment are among par­ties that have been in dis­cus­sions to buy stock in the of­fer­ing, ac­cord­ing to the re­port.

(Reuters)

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